Introduction to taxation

This is one question for the introduction to federal income taxation in Canada

THoRths, she prefers the relatively cooler to dunng the other months of the year. As a result, she owns a condo along Queen's Quay in downtown Toronto. Last year, she travelled back and forth between Florida and Toronto fairly often, and when she checked her calendar she found that she had stayed in Toronto on 205 nights. Her children would sometimes come up for short visits Problem 2 The client was born and raised in Canada. After obtaining his MBA in 2003, he began working asa consultant. In July 2017, the corporation of which he was a major shareholder entered into a contract with a Canadian Crown corporation to furnish consulting advice in Nigeria. Services were to commenc July 15, 2017 and end January 14, 2019. A daily rate of fees was set, but total billings were not to exceed ecified maximum. The contract also provided for moving, travel and living expenses for the client Tax P and his dependants up to a specified maximum All fees and expenses were paid to the client's corporation in Toronto. He continued to be a shareholder, director and officer of the corporation and he remain es. The payments in the client's Canadian bank very interested in its activiti tion paid the client and was instructed to deposit these and for the operation of the rental property that he owned. He felt that the C difficulties that he might otherwise encounter. He instructed the corporation not to withhold any income taxes on these payments because he intended to give up his Canadian anadian bank account was necessary because of foreign exchange establish an international consulting business abroad upon termination of the Nigerian con Since the client had little time before leaving for Nigeria, he quickly rented the unit that he had been occupying in a duplex that he owned, on a month-to-month basis. He intended to sell the property when the market would provide him with a reasonable profit. He arranged to have his corporation manage the renting of this property for a fee which he paid to the corporation %2,875 THoRths, she prefers the relatively cooler to dunng the other months of the year. As a result, she owns a condo along Queen's Quay in downtown Toronto. Last year, she travelled back and forth between Florida and Toronto fairly often, and when she checked her calendar she found that she had stayed in Toronto on 205 nights. Her children would sometimes come up for short visits Problem 2 The client was born and raised in Canada. After obtaining his MBA in 2003, he began working asa consultant. In July 2017, the corporation of which he was a major shareholder entered into a contract with a Canadian Crown corporation to furnish consulting advice in Nigeria. Services were to commenc July 15, 2017 and end January 14, 2019. A daily rate of fees was set, but total billings were not to exceed ecified maximum. The contract also provided for moving, travel and living expenses for the client Tax P and his dependants up to a specified maximum All fees and expenses were paid to the client's corporation in Toronto. He continued to be a shareholder, director and officer of the corporation and he remain es. The payments in the client's Canadian bank very interested in its activiti tion paid the client and was instructed to deposit these and for the operation of the rental property that he owned. He felt that the C difficulties that he might otherwise encounter. He instructed the corporation not to withhold any income taxes on these payments because he intended to give up his Canadian anadian bank account was necessary because of foreign exchange establish an international consulting business abroad upon termination of the Nigerian con Since the client had little time before leaving for Nigeria, he quickly rented the unit that he had been occupying in a duplex that he owned, on a month-to-month basis. He intended to sell the property when the market would provide him with a reasonable profit. He arranged to have his corporation manage the renting of this property for a fee which he paid to the corporation %2,875